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Qualcomm (Nasdaq: QCOM) is reaching the final stages of negotiations to acquire NXP Semiconductors (Nasdaq: NXPI) and an announcement could come as early as next week, according to Bloomberg, citing people familiar. The announcement could come as soon as NXP's quarterly earnings results on Oct. 26 or be delayed until Qualcomm's results on November 2.

The companies are still negotiated on price in the rage of $110 to $120 per share, and the deal is now likely in all cash.